Investing.com - Cincinnati Financial (NASDAQ:CINF) reported on Wednesday second quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Cincinnati Financial announced earnings per share of $0.65 on revenue of $1.77B. Analysts polled by Investing.com anticipated EPS of $1.05 on revenue of $1.74B.
Cincinnati Financial shares are down 36% from the beginning of the year and are trading at $113.46 , down-from-52-week-high.They are under-performing the S&P 500 which is down 15.58% from the start of the year.
Cincinnati Financial follows other major Financial sector earnings this month
Cincinnati Financial's report follows an earnings beat by Berkshire Hathaway A on Tuesday, July 19, 2022, who reported EPS of $4774.01 on revenue of $70.81B, compared to forecasts EPS of $4277.66 on revenue of $70.32B.
JPMorgan had missed expectations on Thursday, July 14, 2022 with second quarter EPS of $2.76 on revenue of $30.72B, compared to forecast for EPS of $2.89 on revenue of $31.86B.
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